GameStop Meme Inventory Rally Ends Week With $13 Billion Loss

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In the event you missed out on final week's meme stock rally, contemplate your self fortunate. The second iteration of GameStop mania ended as abruptly because it arrived, leaving retail buyers on the hook with distinctive losses and erasing any hopes of repeating 2021's "moonshot."

Final week's well-publicized return of Keith Gill, a.okay.a. Roaring Kitty, coincided with shares of GameStop (GME) rising 179% from market shut Friday, Might 10, to market open Tuesday, Might 14. Nevertheless, the rally was short-lived. By market shut on the finish of the week, GameStop buyers had misplaced $13.1 billion, in accordance with an Investor's Business Daily analysis.

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